Vivendi becomes Lagardere's largest shareholder with 21% stake

Thursday 16 July 2020 | 13:53 CET | News
Vivendi has become the leading shareholder in French media group Lagardere, increasing its holding to 21.2 percent as of 10 July, up from 10.6 percent in April, according to the French financial market authority (AMF). In a statement seen by Les Echos, the company justified the decision as a "prudent move" in view of changes that occurred at the end of May, when French conglomerate Groupe Arnault agreed to buy a 25 percent stake in the Lagardere family holding. It also emphasised that there was no "hostile" motive behind the operation.

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Categories: Broadcast & Satellite / Internet
Companies: Lagardere / Vivendi
Countries: France / World
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